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Wyoming | All true.
The Fed has labored mightily to try to forestall or vanquish the "long wave" cycle in economics, sometimes called the "K-wave" - this is the Great Depression debt deflation wave that is effectively the "jubilee" of long-ago times, when profligate lenders get their reckoning.
Economists, as it turns out, know nothing about macro-level economics. They're fools to think that they can not only predict macro-level trends/cycles, but that they can actually tame or control these macro-level issues. | |
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- RE: Wow, inflation - WYDave : 10/12/2021 12:59
- RE: Wow, inflation - billw : 10/12/2021 19:11
- RE: Wow, inflation - JohnW : 10/13/2021 01:36
- Denninger on inflation - John Burns : 10/14/2021 08:08
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